Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.

Get a Professional Answer

Via email, text message, or notification as you wait on our site.Ask follow up questions if you need to.

100% Satisfaction Guarantee

Rate the answer you receive.

Ask Phillips Esq. Your Own Question

Phillips Esq., Attorney-at-Law

Category: Legal

Satisfied Customers: 17526

Experience: B.A.; M.B.A.; J.D.

16551887

Type Your Legal Question Here...

Phillips Esq. is online now

My wife got loans of my children for $80,000 she now

Customer Question

My wife got loans for two of my children for $80,000 she now owes $108,000 forbearance is coming to an end my question is concerning the debt the of loan .nelnet or fasfa would not give me the loan because my credit wasn't good enough. I was always the breadwinner in my family. My wife hasn't worked in 20 years but they gave her the loan? Don't know why. In the meantime for the last five years I've had 17 surgeries and I'm on permanent disability my wife has to help me daily she cannot go get a job I know if The loan was in my name which it should have been I might have been able to get some kind of relief. With the loan being in her name am I responsible to pay off the loan in her name? And do I need a lawyer to help? Is there any possibility of getting a discounted rate or make a deal?

Thank you for the information. You wife should apply for loan consolidation Ford Direct Loan Program. If approved, she can only pay between 15-20% according to her adjusted gross income as shown on her federal tax return. She can pay as little as zero on the loan. After 20 years, the remainder of the loan would be forgiven. For more information click on the link below: https://studentloans.gov/myDirectLoan/consolidationRedirect.action?webSource=DLCS# ***** give a positive rating to my response so that I can receive credit for responding to your post. There is no additional cost to you for doing this. Thank you for your cooperation.

She has no income stays home to aid me. But we file jointly and I have income from a company I own that I don't work at and haven't for 4 years. The profit I show usually goes back in to the company. So shall I still follow your instructions and check into that is it worth it? Or if they see that I have income they will just deny her? let me know what you think thank you and I will post the positive feedback